NOT LISTED FOR SALE

Estimated Value: $2,528,706 - $3,815,000

2 Beds
1.5 Baths
1,200 Sq Ft
$2,540/Sq Ft Est. Value

Highlights

  • South Facing Home
  • Heating System Uses Natural Gas
  • 4-minute walk to Detective Joseph Mayrose Park
  • Magnet School of Math Science & Design Technology Rated A-

About This Home

As of October 2016

Update 9/24/16 PRICE DROP!!!!

Open House Monday 9/26/16 5:30 to 7PM

Shares and Guarantors Welcome!

Pets Strongly Considered in this Massive 2 BR + Home Office/3rd Bedroom Duplex w Outdoor Space, Washer/Dryer, and 2 Separate Entrances - Prime Park Slope South!

Built in 2005 this distinctive duplex at 422 Prospect Ave welcomes you with its warm wood tones and an open layout - a budding designer's delight!

Upper Level (Ground Floor) Boasts:
1. King Sized Bedroom
2. Huge Living Room
3. Chef's Kitchen with Breakfast Bar and Dishwasher
4. Full Bathroom
5. Washer/Dryer
6. Access to Private Backyard

Lower Level (Basement) features:
1. 2nd Bedroom - can fit a Queen
2. Home Office/3rd BR - can fit a Queen
3. 4 Closets
4. Half Bath
5. Access to Private Backyard
6. Separate Entrance to Street

If you don't know Park Slope South then you are missing out! Bordering beautiful WIndsor Terrace, this home is a short 3 block walk to Prospect Park & the F/G train station, Prospect Park West restaurants and shopping, and an 11 minute walk to Prospect Ave D/N/R subway station! Or just stay home. Once you move in to 422 Prospect Ave, it'll be hard to leave!

Contact Mark for an immediate appointment!

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 25.0 x 80.0
  • South Facing Home

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,200 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas

Community Details

  • Park Slope Subdivision

Listing and Financial Details

  • Property Available on 9/1/16
  • Legal Lot and Block 39 / 869

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Rental Info

  • Available Date: 2016-09-01

Listing Details

  • Cross Street: 7th Avenue/8th Avenue
  • Exposures: South
  • Property SubType: Duplex
  • Property Type: Residential Lease
  • Neighborhood: Park Slope
  • Entry Level: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Dining Area
  • Appliances: Dryer, Washer
  • Living Area: 1200.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Natural Gas
  • Heating: Yes

Lot Info

  • Lot Size Dimensions: 25.0 x 80.0

Building Info

  • New Construction: No
  • Total Stories: 3
  • Year Built: 2005

Tax Info

  • Tax Block: 869
  • Tax Lot: 39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2018
Sold by
Patel Ravji S
Bought by
422 Prospect Ave Llc
Current Estimated Value
$2,926,133

Purchase Details

Closed on
Mar 1, 2012
Sold by
Adda 422 Prospect Avenue Llc
Bought by
Patel Ravji S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2005
Sold by
Osman Steven
Bought by
Adda 422 Prospect Avenue Llc

Purchase Details

Closed on
Oct 11, 1996
Sold by
Spilberg Henry
Bought by
Osman Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
8.22%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
422 Prospect Ave Llc -- --
Patel Ravji S $1,300,000 --
Adda 422 Prospect Avenue Llc $28,000 --
Osman Steven $24,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Ravji S $845,000
Previous Owner Osman Steven $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2016 10/12/16 Rented -- -- --
09/12/2016 09/12/16 Under Contract -- -- --
08/04/2016 08/04/16 For Rent -- -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,253 $221,820 $20,940 $200,880
2024 $18,253 $194,880 $20,940 $173,940
2023 $17,412 $213,900 $20,940 $192,960
2022 $16,146 $172,140 $20,940 $151,200
2021 $17,022 $140,040 $20,940 $119,100
2020 $8,072 $167,880 $20,940 $146,940
2019 $15,842 $166,260 $20,940 $145,320
2018 $14,564 $71,446 $10,321 $61,125
2017 $13,740 $67,402 $11,430 $55,972
2016 $13,474 $67,402 $14,926 $52,476
2015 $7,669 $64,296 $15,138 $49,158
2014 $7,669 $63,111 $16,110 $47,001
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10274326

Real Estate Board of New York (REBNY)

APN: 00869-0039